Press Releases

EQUUS ANNOUNCES SALE OF MADISON WOOD VIEW IN KANSAS CITY, KANSAS FOR $22,000,000

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p class="p1"><strong>PHILADELPHIA, PA. – January 8, 2014 –</strong> Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity fund managers, announced today the sale of Madison Wood View. The 320 unit apartment community, located six miles southwest of downtown Kansas City in in Wyandotte County, Kansas, was sold to Philadelphia-based PRG Real Estate for $22,000,000. At the time of the sale, the community was 97 percent leased.&#160;</p> <p class="p1">“Investor demand proved strong for this attractive community that is well located in a first ring suburb with high barriers to entry,” commented Greg Curci, vice president at Equus who was responsible for overseeing the disposition for the firm.&#160;</p> <p class="p1">Located near the intersection of Interstate 35 and the 18 Street Expressway, Madison Wood View offers convenient access to downtown Kansas City and the Kansas University Medical Center.&#160; The garden style apartment community offers one and two bedroom apartments with washer/dryer connections, vaulted ceilings and wood burning fireplaces. Community amenities include a resort-style pool, fitness center, tennis court and resident clubhouse and lounge.&#160;</p> <p class="p1">The seller was represented by Jeff Stingley and Gina Anderson of CBRE. &#160;</p> <p class="p1">An affiliate of Equus acquired Madison Wood View Creek as part of a 17 property portfolio in 2003. The transaction was made on behalf of BPG Investment Partnership VI, L.P., a $384 million private equity fund.&#160; Equus recently completed extensive exterior upgrades that included the addition of new Hardi cement siding on all the buildings at the community.</p> <p class="p1"><strong>About Equus Capital Partners, Ltd.</strong><br /> Equus Capital Partners, formerly BPG Properties, Ltd. is one of the nation’s leading private equity real estate fund managers.&#160; Equus’ portfolio consists of over 24 million square feet of office, retail, student housing, and industrial properties and more than 18,000 apartment units in over 70 communities located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Los Angeles, Chicago, Washington DC, Boston, Atlanta and Raleigh-Durham. For additional information, please visit the company’s website at www.equuspartners.com.</p> <p class="p1"><strong>For additional information on the company, please contact:</strong><br /> Joseph Nahas, Jr, Vice President, 215-575-2363</p> <p class="p1"><strong>For additional information on the transaction, please contact:</strong><br /> Greg Curci, Vice President, 215-575-2307</p> </body> </html>